Sustainable Finance

Our Medium-Term ASV initiatives 2030 Roadmap identifies the key principle of focusing on areas with high market growth potential and high social value as a basic policy of its growth strategy, through the unique strengths of “AminoScience”. In accordance with this principle, we believe that recognizing the business environment surrounding our group and addressing social issues in response to these changes will contribute to enhancing our corporate value.

We will actively utilize sustainable finance for the funds necessary for various initiatives. As a result, we will further accelerate our efforts to realize the two outcomes by 2030 —to help extend the healthy life expectancy of one billion people and to reduce our environmental impact by 50%, as well as to realize a sustainable society.

Sustainability Bonds Positive Impact Finance Sustainability Linked Loan Sustainability-Linked Bonds

Sustainability Bonds

	The 27th Unsecured Straight Bonds
Issuer	Ajinomoto Co., Inc.
Maturity	7 years
Issuance amount	JPY10 billion
Interest rate	0.130%
Time of issuance	October 21, 2021
Use of proceeds	Acquisition of shares in Nualtra Ltd. (Ireland) Introduction of biomass cogeneration facilities at the Kamphaeng Phet Plant of AJINOMOTO CO., (THAILAND) LTD. Investment in Tsubame BHB Co., Ltd. (on-site ammonia production technology R&D)
Rating obtained	Rating and Investment Information, Inc.: AA S&P Global Ratings Japan Inc.: A+
Lead managing securities companies	Mizuho Securities Co., Ltd., Nomura Securities Co., Ltd., and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Structuring agent	Mizuho Securities Co., Ltd.
Framework	Framework
Second opinion	Rating and Investment Information, Inc.
Related press release	Ajinomoto to Issue Group’s First SDG Bonds Announcement of Decision of Issuance Conditions for Sustainability Bonds
Reporting	Annual disclosure of fund appropriation reporting and impact reporting will be made until the maturity date of this Sustainability Bond. FY2021 FY2022

Positive Impact Finance

	Syndicated Positive Impact Finance
Execution date of the original agreement	January 31, 2022
Renewal date	January 31, 2023
Type	Commitment line
Arranger/Agent	Mizuho Bank, Ltd.
Participating financial institutions	20 domestic financial institutions
Amount	30 billion yen
Use of proceeds	Business fund
Third Party Opinion (Only Japanese)	Japan Credit Rating Agency, Ltd. (Execution date of the original agreement, Only Japanese)
Third Party Opinion (Only Japanese)	Japan Credit Rating Agency, Ltd. (Renewal date, Only Japanese)
Related press release	Ajinomoto Co., Inc. and Mizuho Bank, Ltd. Conclude a Positive Impact Finance Agreement

Sustainability Linked Loan

	Syndicated Sustainability Linked Loan
Agreement date	December 14, 2022
Type	Commitment line
Arranger/Agent	MUFG Bank
Participating financial institutions	Five financial institutions
Amount	100 billion yen
Use of proceeds	Business fund
KPI	Scope 1 and 2 GHG emission reduction rate
SPT	Reducing GHG emissions (Scope 1 and Scope 2) by 50% by fiscal 2030 (from fiscal 2018 as base year)
Framework	Framework
Third Party Opinion	Japan Credit Rating Agency, Ltd.
Related press release	Ajinomoto Co., Inc. and MUFG Bank, Ltd. Conclude a Sustainability Linked Loan Agreement

Sustainability-Linked Bonds

	The 28th Unsecured Straight Bonds	The 29th Unsecured Straight Bonds
Issuer	Ajinomoto Co., Inc.
Maturity	5 years	10 years
Issuance amount	JPY10 billion	JPY20 billion
Interest rate	0.320％	0.770％
Time of issuance	June 15, 2023
Rating obtained	Rating and Investment Information, Inc.: AA S&P Global Ratings Japan Inc.: A+
Lead managing securities companies	Nomura Securities Co., Ltd., Mizuho Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. and Daiwa Securities Co. Ltd.	Nomura Securities Co., Ltd., Mizuho Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. and SMBC Nikko Securities Inc.
Structuring agent	Nomura Securities Co., Ltd.
KPIs	KPI1：Absolute scope 1 and 2 GHG emissions reduction rate KPI2：Scope 3 GHG emissions reduction rate per volume unit
SPTs	SPT1：Reduce absolute scope 1 and 2 GHG emissions by 50% by FY2030 from a FY2018 baseline SPT2：Reduce scope 3 GHG emissions intensity by 24% by FY2030 from a FY2018 baseline* * In July 2023, we revised the Scope3 emissions per volume unit and reduction rate vs. base year by revising production volume for FY2018 to FY2020. The 28th Unsecured Straight Bonds issued in June 2023 employed 10% as STP2 to reduce scope 3 GHG emissions intensity by FY2026 from FY2018 baseline, calculated at the date of publication of Framework in May 2023.
Framework	Framework
Second opinion	Sustainalytics
Related press release	Ajinomoto to Issue Sustainability-linked Bonds – Enhancing Efforts to Realize a Sustainable Society Through Sustainable Finance Announcement of Decisions on Ajinomoto to Price Sustainability-linked Bonds